100 Marinwood Ave - Service Station FOR SALE
San Rafael, CA 94903 |
$5,097,000 USD
650-678-7200
100 Marinwood Ave
San Rafael, CA 94903
HIGHLIGHTS
- Brand-new 20-year absolute NNN lease featuring 2.5% annual rental increases throughout the base term and options
- Proven location – tenant extended early for an additional 20 years
- Zero landlord expense or maintenance obligations
- Top 20 largest gas operators in the U.S. - $2B revenues
- Top 25% most visited gas station in the country per Placer.ai
- 111,400 residents with an average household income of $170,449 within a 5-mile radius of the subject property
OVERVIEW
A brand-new 20-year absolute NNN lease 76 Gas Station featuring 2.5% annual rental increases throughout the base term and options. The subject property is located in extremely affluent Marin County – $171,800+ average household incomes within a 5-mile radius of the subject property – and is the only service station in the direct trade area serving thousands of customers.
FOR SALE DETAILS
PRICE
$5,097,000 USD
PRICE/SF
$3,641 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
76 Gas Station
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2021
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.59 AC
LAND SF
25,700 SF
ZONING
-
APN/PARCEL ID
164-471-63
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650-678-7200
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650-678-7200
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